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Dec 4, 2012
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simply because the president believes his election means people voted for higher taxes for the wealthy. and the republicans believe they are off the hook because they took the grover norquist no new tax pledge. in that scenario, rising above, my pin means absolutely nothing. rise above what? the oath you gave to your voters? to these hardened partisans to rise above means rising above compromise. compromise is bad. right? i mean they think compromise is bad. they want to rise above it. they think it's a higher ground than not compromise. what's amazing to me is that when congress came up with this ridiculous cliff idea, there were legislators who believed that if these draconian changes were to become law, it would be so obvious we would be thrown into recession that it wouldn't happen. that fact was supposed to create compromise, instead, neither side seems at all fearful for recession. it's amazing how bold they are or maybe how stupid they are and to the gop, obama's re-election clearly meant nothing at all. it's almost as if neither side realizes how many people are simply just pla
simply because the president believes his election means people voted for higher taxes for the wealthy. and the republicans believe they are off the hook because they took the grover norquist no new tax pledge. in that scenario, rising above, my pin means absolutely nothing. rise above what? the oath you gave to your voters? to these hardened partisans to rise above means rising above compromise. compromise is bad. right? i mean they think compromise is bad. they want to rise above it. they...
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Dec 6, 2012
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after we got the bounce on the 19th, there are several sectors doing far better than where they were on election. >> that's true. you know what? we've been so focused on the fiscal cliff, we haven't thought about the jobs number coming out tomorrow. what do you expect? >> i expect it to be nothing that's going to
after we got the bounce on the 19th, there are several sectors doing far better than where they were on election. >> that's true. you know what? we've been so focused on the fiscal cliff, we haven't thought about the jobs number coming out tomorrow. what do you expect? >> i expect it to be nothing that's going to
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Dec 7, 2012
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he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best read on chinese growth of all the companies i follow. in fact, joy global call
he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks...
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Dec 4, 2012
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. >>> these right, tie less, the gop sending a big message, hey, blue states, you re-elected the president. you pay the bills. how they want to raise money and why your mortgage interest deduction may be at risk. >>> bill gross says this may not even matter. we still have way too much debt. bill cross is here with some investable ideas for you. >>> plus, extreme hoarding, dividend edition and we unveil the one sector of the stock market that nearly everybody agrees is a must own, man kim. >> hi there, brian. hello, everybody. get another slow day for the market, stocks moving between gains and losses. bob, i don't want to begin with the macromarkets. i want to begin with the retailers. yesterday, the s & p retail index hit a record high. today, not so much. >> i think that is a sign of a little bit bit of concern going on. show what you has been going on. a lot of the big retailers are weak today. comment specifically on gap but noted, for example that kohl's had very high inventory levels and a concern that might make the season more promotional and specifically affect gap. see it down 7%
. >>> these right, tie less, the gop sending a big message, hey, blue states, you re-elected the president. you pay the bills. how they want to raise money and why your mortgage interest deduction may be at risk. >>> bill gross says this may not even matter. we still have way too much debt. bill cross is here with some investable ideas for you. >>> plus, extreme hoarding, dividend edition and we unveil the one sector of the stock market that nearly everybody agrees is...
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Dec 6, 2012
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the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game company wants to become a real poker company. let's bring in julia boorstin with more on this zynga story. seems like if they get it, a completely transformative thing. >> it would be transformative and zynga's definitely pushing forward with its plans to eventually make money from online gambling but the key thing here is that this is really a ways off. the stock soared as much as 9% higher this morning after it came out that zynga applied for real money gaming license in nevada which the company says will take as much as 18 months to get approved. but we have to remember that onl
the storm and the election. staying with clothing, vera bradley -- well, handbags. those shares also tanking and they are blaming sandy as well but also noted their holiday season is off to a slow start. jeffri jeffries raising the tart fro tm $22 to $20. not all bad news. finisar, higher demand for tranceivers. what else? the stock down 17% year to date. finally, zynga. take a look at shares. they are up nearly 7% because they filed for a gambling license. that is right. the virtual game...
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Dec 6, 2012
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we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now stalled at this stage. remember we had the auction in spain yesterday and the yields are slightly higher relative to where we've been, they're still relatively depressed. we talk about the problems in europe, i thought it was worth pointing out amidst all the malaise what is happening in germany today an astounding manufacturing german manufacturing orders result from germany up 3.9% in october, a phenomenal performance from german industry and it's worth bearing in mind that german industry is basically in a single currency that is too low arguably for what it should be at. the deutsche mark would ha
we thought we'd have elections march/april, there's the prospect it could be a snap election much earlier perhaps in the new year. now the good news is there isn't a huge amount of blowout on the bonds at the short end of the italian markets. the yields are higher but not huge relative to where we've been but on the ten-year italian market you can see we're slightly higher but no great shakes overall. it means the rally in the peripheral bond market we've witnessed in italy and spain has now...
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boy, i wish he'd gone to costco and boxing fights before the election. think it could have been helpful. >> freight conversation. thank you. i'll see you back next weekend if not sooner. have a great rest of your weekend. >> thanks, you too. >>> the syrian civil war is raging from one neighborhood to the next. shortages have families caught in the middle of the conflict, desperate for staples like food and water. we'll give you an exclusive look from inside syria. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. th
boy, i wish he'd gone to costco and boxing fights before the election. think it could have been helpful. >> freight conversation. thank you. i'll see you back next weekend if not sooner. have a great rest of your weekend. >> thanks, you too. >>> the syrian civil war is raging from one neighborhood to the next. shortages have families caught in the middle of the conflict, desperate for staples like food and water. we'll give you an exclusive look from inside syria. let's say...
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Dec 10, 2012
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voters approvaled legalization on election day and it took effect thursday. people headed to the space needle and staged what must have been a very laid back party. i want to bring in sally clark. she's the president of the city council there. she does have a sense of humor about this, but i'm sure she's a little worried because she doesn't know. sally, welcome. thanks for coming on. >> thanks, don. thanks for having me. >> i'd like to you listen to a journalist from the netherlands we spoke with last night, and i asked him about amsterdam's famously liberal drug policies and if your city should fear an increase in crime now that pot is legal. listen. >> they don't have to fear any increase -- that's my experience here in amsterdam, because what i told you, there's a nice atmosphere, a lot of foreigners are coming to buy their soft drugs. it's not heroin or cocaine. it's soft drugs, cannabis, marijuana, and there's strong regulations. people who are under 18 can't buy it. the mayor checks every coffee shops several times a year, the police is checking it. >>
voters approvaled legalization on election day and it took effect thursday. people headed to the space needle and staged what must have been a very laid back party. i want to bring in sally clark. she's the president of the city council there. she does have a sense of humor about this, but i'm sure she's a little worried because she doesn't know. sally, welcome. thanks for coming on. >> thanks, don. thanks for having me. >> i'd like to you listen to a journalist from the netherlands...
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Dec 10, 2012
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i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe the last grims of this picture, an eminent cabinet shuffle is expected. >> the president has got a lot of very, very good people to choose from. he wants to put together a team especially in international affairs, a team overall that going into a second term does not look like a second team, does not look like a group of second stringers. >> the likely short list to succeed secretary of state hillary clinton is politically charged. susan rice is thought to be a leading contenders, but some republicans were highly critical of rice following the aattack on the u.s. consulate in l
i mean, i won the election. i had the leverage. why give in? well, simply put, i felt sorry for this man. >> all right. speculation is in full swing over the president's choices to fill his cabinet for the second term. among the position it's true. this is emily schmidt looking atted leading contenders and the potential challenges they face. >> reporter: a late november white house photo op. >> this is a wonderful opportunity for me to meet with my full cabinet. >> maybe...
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there has been an election. but it does reprise a lot of the arguments from the negotiations between the president and john boehner in the summer of 2011. it's not something that really should be laughed off the page. i mean, the most difficult thing for republicans is accepting an increase in the top rate for the top earners in the tax rate which they don't want to do in this proposal but which they don't ever have to vote for in order to have it happen. i think somehow that will be a key element. >> it's a bad thing that the white house immediately dismissed -- i mean it couldn't have been three hours, four hours maybe. >> i think the president has decided to take a very different approach than he did in 2011. he's not going to put on the table what he thinks the final deal is. he's going to say no, he's going to negotiate it a tough way. the proposal and i hope ron is right and i kind of thing that in the end, as with t.a.r.p. in 2008, when everybody rebelled, and then the markets crashed they got to the righ
there has been an election. but it does reprise a lot of the arguments from the negotiations between the president and john boehner in the summer of 2011. it's not something that really should be laughed off the page. i mean, the most difficult thing for republicans is accepting an increase in the top rate for the top earners in the tax rate which they don't want to do in this proposal but which they don't ever have to vote for in order to have it happen. i think somehow that will be a key...
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2016 election. assuming they get a good candidate. >> i teach history at northern virginia community college. do you see any parallel between the whig party, which tried to be all things to all people, leaderless, and ironically the upstart, regional, singular issue focused new republican party. is the current republican party going to go the way of the whigs? >> i doubt that. there were a very weak party. the party developed as an anti- jackson party. that was about it. it won two presidential elections by mimicking the democrats. they were a national party. they ran in the south but they were torn apart by the slavery issue. the republican party and the whig party have that much in common. the republicans have been around and are deeply entrenched. but you do ask a good question -- where are the republicans going to get those votes to turn themselves into a majority party? ronald reagan did not really succeed in doing that and he had a very successful administration. one thing i learned in looking
2016 election. assuming they get a good candidate. >> i teach history at northern virginia community college. do you see any parallel between the whig party, which tried to be all things to all people, leaderless, and ironically the upstart, regional, singular issue focused new republican party. is the current republican party going to go the way of the whigs? >> i doubt that. there were a very weak party. the party developed as an anti- jackson party. that was about it. it won two...
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Dec 5, 2012
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we also have a duty to ensure the ongoing safety of those who serve in america's highest elected office after they leave office. in 1958 congress first authorized secret service protection for former presidents, which was limited to a reasonable period of time after a president leaves office. congress expanded this to lifetime protection in 1965. but in 1994, congress once again limited secret service protection for former presidents. this time to 10 years after a president leaves office. this 10-year restriction applied to presidents who took office after january 1, 1997. the role of the former president has changed throughout the years. former presidents now have a global presence and are often seen as de facto representatives of the united states. whether it's former president carter's work in peace negotiations with other countries or president clinton's global initiative, former presidents have a valuable role in using their experience and knowledge to help the u.s. in both a public and private capacity. the world has changed dramatically since the 9/11 terrorist attacks. the threa
we also have a duty to ensure the ongoing safety of those who serve in america's highest elected office after they leave office. in 1958 congress first authorized secret service protection for former presidents, which was limited to a reasonable period of time after a president leaves office. congress expanded this to lifetime protection in 1965. but in 1994, congress once again limited secret service protection for former presidents. this time to 10 years after a president leaves office. this...
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last week at the right house, we had our first meeting since the election. it was a chance for me to banks -- thank my entire team for their service for keeping the country safe and strong. few have done more than you in that regard. that includes taking care of our remarkable men and women in uniform and their families. keeping our military the best in the world bar none. thank you for being such an outstanding secretary of defense. [applause] i am not here to give a big speech. i wanted to come by and join you in marking the 20th anniversary of one of the country's smartest and most successful national security programs. people in this room conceived it and build it. i want to a knowledge a leader who now helps guide the secretary of defense. thank you for your great work. [applause] you have to think about what real visionaries do. you look at the world and see what is missing. they set out to fill the gap. to build something new. to imagine after decades of confrontation how our nations might engage in cooperation. early in the cold war, einstein warned
last week at the right house, we had our first meeting since the election. it was a chance for me to banks -- thank my entire team for their service for keeping the country safe and strong. few have done more than you in that regard. that includes taking care of our remarkable men and women in uniform and their families. keeping our military the best in the world bar none. thank you for being such an outstanding secretary of defense. [applause] i am not here to give a big speech. i wanted to...
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Dec 8, 2012
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as you all know we face an election in which one party vowed to repeal even modest gains for equality in health coverage. the fight for health security in the united states is far from over. all other affluent nations agreed long ago that basic health care should be a right of all citizens the u.s. continues to treat medical care as a product purchased in the marketplace. even now the most sweeping reform in our history embodies tension between the rights of the people and the rights of private companies and individuals to profit from the health care system. the three women i described in this talk with the different times in different parts of the country. they didn't know each other and never heard of each other. what all three of them had in common was the belief that ordinary citizens could take the lead in preventing a new vision of what the health care system could be. all three of them felt the affordable care despite its flaws, continuing open end participatory national debate about how the american health-care system can best serve the needs of all the people. thank you for l
as you all know we face an election in which one party vowed to repeal even modest gains for equality in health coverage. the fight for health security in the united states is far from over. all other affluent nations agreed long ago that basic health care should be a right of all citizens the u.s. continues to treat medical care as a product purchased in the marketplace. even now the most sweeping reform in our history embodies tension between the rights of the people and the rights of private...
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after election after election. his father believed that catholic, irish catholic politicians she was a clown, they were wild, they were rabble-rousers', they were the worst kind of populist, joe kennedy's father was not. and one of the reasons why joe himself didn't enter politics was that he was totally fed up with his irish catholic what he had seen as the posturing to the people on the an irish catholic to look for you said mary and they look after their own pockets. >> any comments on the story with his daughter rosemary so that she wouldn't embarrass them from becoming president? >> yes. i did an awful lot of research and i found all sorts of stuff. you can blame kennedy for lots of stuff. he loved that child. when he moved all the other children backed to the united states when the french and when germany and world war ii began he kept rosemary with him in england because she was doing well at the school and looked after her you read the letters and you love this child. everybody knew she was slow but that wa
after election after election. his father believed that catholic, irish catholic politicians she was a clown, they were wild, they were rabble-rousers', they were the worst kind of populist, joe kennedy's father was not. and one of the reasons why joe himself didn't enter politics was that he was totally fed up with his irish catholic what he had seen as the posturing to the people on the an irish catholic to look for you said mary and they look after their own pockets. >> any comments on...
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spoken to the elected officials and city managers. there ready to go. all we need is funding. already authorized. and there are other projects as well. cells are s.i. and rockaway. so this concept referred to accelerate to construction is what new york news now. we estimate the amount of money is about $502 billion for these seven projects. no red tape, no study. it has been studied. community support in every one of them. we will put that in the supplemental bill, but obviously her committee will review. why do we needed now? because in some of our most badly damaged areas, south shore, s.i., because suffolk county, you have no protection. a minor storm could come flood again. we have to move quickly. in some cases they wanted to build seawalls, some rock armor, some defense systems. along the coast like bees as s.i. where search is over 10 feet came in. and in other coastal areas, coney island, rockaways, some of the projects were partially built but then there was no funding, and that ended. now, here is the good news. we know from sandy that many places that had engineerin
spoken to the elected officials and city managers. there ready to go. all we need is funding. already authorized. and there are other projects as well. cells are s.i. and rockaway. so this concept referred to accelerate to construction is what new york news now. we estimate the amount of money is about $502 billion for these seven projects. no red tape, no study. it has been studied. community support in every one of them. we will put that in the supplemental bill, but obviously her committee...
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Dec 5, 2012
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the parliamentary election last december and the presidential election in march, which were criticized for their flaws and irregularities by impartial objective international organizations. it can be seen in the recent n.g.o. law passed by the russian legislature which requires any civil society group in russia that receives international funding to register as a -- quote -- "foreign agent." the fast majority of these civil society groups have nothing to do with politics. clearly the intent of this will you law is nothing less than to demonize and marginalize and signa ma ties as treessonnous -- treasonous whatever civil society organizations that still remain in russia. the culture of impunity in russia can also be seen in the government's new and growing interpretation of its law against extremism. a law that may once have been designed to address real concerns with terrorism and violent extremism is now being broadened to put pressure on civil society groups and religious minority groups even including the jehovah's witnesses. a russian court went so far as to classify as an extremi
the parliamentary election last december and the presidential election in march, which were criticized for their flaws and irregularities by impartial objective international organizations. it can be seen in the recent n.g.o. law passed by the russian legislature which requires any civil society group in russia that receives international funding to register as a -- quote -- "foreign agent." the fast majority of these civil society groups have nothing to do with politics. clearly the...
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nothing's changed post-election as opposed to pre-election. the, uncertainty of the tax situation, the fiscal cliff that everyone is tired of hearing about frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with the case in darden, it seems like what happened to a bunch of different companies, my take at the end of the day, for sure they're not going to hire anyone and that's what we need more than anything right now. >> you're exactly right. what we need are jobs, jobs, jobs. there is so much uncertainty out there right now with what will happen with taxes. we still don't know the full impacts of oba
nothing's changed post-election as opposed to pre-election. the, uncertainty of the tax situation, the fiscal cliff that everyone is tired of hearing about frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly...
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he's the guy who said four years ago, look, i won the election, when he was talking to paul ryan. because i won i get what i want. he had some twitters today, he was tweeting with people all over the country, and some very revealing answers, i think, even though tweets are pretty small. this is one from somebody named hunter. the president answered, there's not enough revenue unless you end charitable deductions, etc. less revenue equals more cuts in education, etc. but what he's not mentioning, this is him from program in from the white house. >> yeah. david: he wants to both raise the rates and end deductions in order to get to that big amount, 1.6 trillion over ten years. >> and that's the problem. my greatest fear is we're going to have near term tax increases, and the cuts are going to be baked out over five to ten years. that doesn't work. that's really what's -- david: if we get those cuts at all. >> we have tons and tons of fresh data. i've been going back and forth with people, europe we've got tons of fresh data on. near term tax increases with long-term spending cuts eq
he's the guy who said four years ago, look, i won the election, when he was talking to paul ryan. because i won i get what i want. he had some twitters today, he was tweeting with people all over the country, and some very revealing answers, i think, even though tweets are pretty small. this is one from somebody named hunter. the president answered, there's not enough revenue unless you end charitable deductions, etc. less revenue equals more cuts in education, etc. but what he's not...
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for instance, right after the election we advised our clients we should get a good-sized down move. we got 'em short at 1430 in the december s&p, futures caught the move all the way down at 1350 and then turned around and said, look, we should rally back to the 1400 area. that's exactly what happened. we didn't chase headlines, we didn't try to catch every wiggle in the market, and for the people watching, the important thing to keep in mind now is we're getting close to the end of the year. the markets are going to get increasingly thin and illiquid. pile on the headline risk not only coming out of europe, but also with the fiscal cliff negotiations. the bottom line is it's going to be very difficult to maneuver in tight spaces, so widen it out. for us that means in the s&p we want to pie 1340 to 1320, and as the market gets up to the 1430 area and above, we want to reduce our equity exposure. in the dow call it 12,5 to 13,5. in the nasdaq 100, 2400 to 2800. liz: okay, hold on. let me just hold on the s&p because that's what we have here. 1320 to 1340 buy in when it hits there, and
for instance, right after the election we advised our clients we should get a good-sized down move. we got 'em short at 1430 in the december s&p, futures caught the move all the way down at 1350 and then turned around and said, look, we should rally back to the 1400 area. that's exactly what happened. we didn't chase headlines, we didn't try to catch every wiggle in the market, and for the people watching, the important thing to keep in mind now is we're getting close to the end of the...
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we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal government over this fiscal cliff situation. our next guest is here to say, our point is, we need the government out of the markets and we need to get them out now. he is in d.c. today. what does that mean, you need to get the government out of the markets? >> you know the solution. they have to compromise. cut spending, cut entitlements and increase tax. that is the bottom line. there is just too much affecting this market. the word on the street is, by boehner, so read. we have to get the government out of the market. connell: you can see where the compro
we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal...
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we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media cameras in their. stuart: let's get more on this. we have a special guest joining us. he should have been on varney & company many times. >> i hope this is the first of many appearances. great to be with you this morning. i am kind of in a foul mood this morning. i am going to say something. the three of you are going -- if the republicans just gave the president what he wants on these taxes, low, in the end, the taxes are going up. we still have a trillion dollar deficit. this does not solve anything. at best, even if they raise the mo
we just had an election. raising taxes on the wealthy, as he calls people who make over $200,000 a year. he won the election. they have a mandate. >> the republicans have a lot of leverage. the president wants to have a successful second term. if he allows us to fall off the fiscal cliff that we could fall into a very deep recession. >> if he allows us to fall over the fiscal cliff, and i think they are making that point. >> i believe grover norquist. they should get the media...
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back a little over a year, in the original elections islamist parties, the groups which are even more ravaged than the brotherhood is have one but margins of about 4-1. cheryl: wa it was not like a hue referendum and they came into power in june. >> morsi, sylvi some of the islt split. they split in the last minute when the candidate got pushed aside and he did not run against a secular democrat. cheryl: what does this mean for the united states and israel and the border they share? >> the muslim brotherhood and islamist mass movement it represents art you revocable he opposed to the west and the united states. the justice department prove in court a couple of years back the brotherhood says its missio misn the united states is to eliminate and destroy western civilization. it makes the world much more dangerous for the united states. cheryl: why doesn't the united states cut off the funding? that is the simplest thing. speak to my sense is the reason i don't if they will have no leverage in the equation if they cut the funding off, that is because we're dealing with people in the uni
back a little over a year, in the original elections islamist parties, the groups which are even more ravaged than the brotherhood is have one but margins of about 4-1. cheryl: wa it was not like a hue referendum and they came into power in june. >> morsi, sylvi some of the islt split. they split in the last minute when the candidate got pushed aside and he did not run against a secular democrat. cheryl: what does this mean for the united states and israel and the border they share?...
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he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax rates. will you defend that? >> well, i think he has the upper hand in the sense that seen, americans say they support raising taxes on the wealthy, so i think he feels that he has a mandate on that issue. look, i feel if the republicans are willing to make up that revenue another way, he should be open to that. i don't think it has to come from raising taxes. it could come -- stuart: the republicans have put forward a plan to raise 800 billion dollars over ten years. >> right. stuart: that's not by raising rates. that's by restricting de
he didn't win the election. he certainly did have a plan. >> it is not one that romney backed really. stuart: that's true. i do see a little drift here, a little drift here. at least you're prepared to admit that the president should put forward a reform plan. so let's move on to the issue of tax rates. >> okay. stuart: do you think the president is right to absolutely insist on tax rate increases? he won't tolerate reductions in deductions. he won't do that. no, it must be tax...
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that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited by the children, including former president george w. bush. those are your headlines. back to lori and connell. >> thank you. >> sales numbers, general motors up 3% from last year, and others in the green as well thanks to, believe it or not, hurricane sandy. >> jeff flock has the story at the bureau in chicago. hi, jeff. >> indeed. two headlines. sandy one, and the other is fiscal cliff. starting to see the first impacts now in terms of considerations about fiscal cliff on the sales call today with ford keeping production up in the first quarter. they are
that would coincide with south korea's presidential elections. the u.k., israeli envoys to the country in protest of the israeli prime minister's plan to build 3,000 settlement homes in the west bank. israel authorized the housing units after the united nations voted to upgrade palestinian status. palestine opposed the move. george hw bush in stable condition after receiving treatment for a bronchitissrelated cost. the 88-year-old has been in the hospital for a week receiving treatment visited...
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>> i think he is emboldened by the election returns obviously and emboldened by the polls showing public and higher tax rates on the rich that he has become much less willing to compromise and republican sources. the thing that really sticks in with a lot of republicans, we want to give up the debt ceiling and want to extend that for five years. i can guarantee that it's not going to happen. i believe this is the only leverage they have in terms of getting the president to cut spending is to use the debt card, and i heard the little clip you played, but i don't believe the republican would do this. melissa: john boehner and the president has accomplished more than what they're letting on. >> i don't think they're publishing a whole heckuva lot. republicans may very well go along with that deal. they may just throw their hands up and say we can't negotiate anything. it will give the president what he wants o on the taxes and goig to 2013 was perhaps saying we gave your texas and now what do we do? that is becoming a bit of a consensus. melissa: what is the president doing in detroit? in a
>> i think he is emboldened by the election returns obviously and emboldened by the polls showing public and higher tax rates on the rich that he has become much less willing to compromise and republican sources. the thing that really sticks in with a lot of republicans, we want to give up the debt ceiling and want to extend that for five years. i can guarantee that it's not going to happen. i believe this is the only leverage they have in terms of getting the president to cut spending is...
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his successor, whoever she names, will have to run in 2014 in a special election. that person and senator lindsey graham will both be running at the same time in 2014 and south carolina. dagen: very interesting. dan henninger. thank you very much. connell: it is time for the fha to get in the hot seat. shaun donovan appearing before the committee. dagen: it begins with 3.5% down. that is your down payment if you need an fha loan. peter barnes standing by with more. peter: a bailout is coming. the housing secretary cannot rule it out. he is highly concerned that there may be one. they found it has a 13.6, pardon me, $16.3 billion capital reserve shortfall. they say it is too soon to say whether the fha will need any money from the treasury. they are increasing fees and making other changes to avoid a bailout. >> it is time to get serious reform for fha. if it is not too late already. right now, the question is quickly becoming not if, but when. peter: the final accounting would be done at the end of fiscal year 2013. the administration says it will not signal his in
his successor, whoever she names, will have to run in 2014 in a special election. that person and senator lindsey graham will both be running at the same time in 2014 and south carolina. dagen: very interesting. dan henninger. thank you very much. connell: it is time for the fha to get in the hot seat. shaun donovan appearing before the committee. dagen: it begins with 3.5% down. that is your down payment if you need an fha loan. peter barnes standing by with more. peter: a bailout is coming....
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connell: they have elections next year. not that we are counting on the most honest elections or anything like that. the economy is struggling, you would think the leadership would change. >> eastern europe used to be a communist bloc satellites of the soviet empire. the collapse of the soviet economy back in the early 80s brought us the whole revival of the wall coming down. those kinds of things can still happen in iran. they have to have the same kind of support that ronald reagan gave to the polish and eastern europeans back when it was not a popular thing to do. dagen: do you believe that the current obama administration is willing to provide that kind of support? >> no. that is why i wrote this book. it is about what happens if you do not do the right kind of things to support democracy. quite frankly, we are not doing enough with the right kind of things. dagen: it is a novel? >> it is a novel. this is about and administration that does not do the right things just as we are not doing the right things now. oliver nor
connell: they have elections next year. not that we are counting on the most honest elections or anything like that. the economy is struggling, you would think the leadership would change. >> eastern europe used to be a communist bloc satellites of the soviet empire. the collapse of the soviet economy back in the early 80s brought us the whole revival of the wall coming down. those kinds of things can still happen in iran. they have to have the same kind of support that ronald reagan gave...
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the election is done, what will we hear tomorrow? >> i think we are going to hear very tepid job growth, they will likely blame it on sandwich give them a good excuse right now. i think the market will react like it is today. everyone is this availing the economic data and the fiscal cliff. what is more important is how the jobs data affect negotiations on the fiscal left. it is up for jobs report tomorrow it will affect the negotiations and there will be urgency to get something done because everyone concerned about getting jobs. it nicole: everyone is concerned about jobs. back to you. ashley: thank you so much. back in 15 minutes. like a rudderless ship floating in the ocean, the markets description of the day. tracy: poetic. this is not. housing and urban development secretary shaun donovan on hot seat on capitol hill is grilled on the f h a and whether taxpayers foot the bill for multibillion-dollar bailout. gerri willis has this story. we have been waiting for this. gerri: that is will be looking at. off the top of my head. sha
the election is done, what will we hear tomorrow? >> i think we are going to hear very tepid job growth, they will likely blame it on sandwich give them a good excuse right now. i think the market will react like it is today. everyone is this availing the economic data and the fiscal cliff. what is more important is how the jobs data affect negotiations on the fiscal left. it is up for jobs report tomorrow it will affect the negotiations and there will be urgency to get something done...
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the election was just a month ago. the president has not yet been reinaugurated and rubio has already actually been to iowa where he acknowledged all the talk about him running and actually joked that he will not be a candidate for coach at iowa state, harris. >> okay. i'm glad he cleared that up. carl. i understand they got very serious and talked about the future of the republic party. >> they did. and that also refers to their own political future as white house candidate. rubio he spoke at lengths about the middle class. ryan mentioned those poverty. more than a dozen times. the g.o.p. has to expand big test and better at cuyahoga county law -- -- articulate. >> the election didn't go our way. we can't make excuses. we can't spend the next four years on the sidelines. instead, we must find new ways to apply our timeless principles to the challenges of the day. >> but it all starts with our people. in the kitchens of our hotels, in the landscaping crews that work in our neighborhoods, and the late night shift -- lat
the election was just a month ago. the president has not yet been reinaugurated and rubio has already actually been to iowa where he acknowledged all the talk about him running and actually joked that he will not be a candidate for coach at iowa state, harris. >> okay. i'm glad he cleared that up. carl. i understand they got very serious and talked about the future of the republic party. >> they did. and that also refers to their own political future as white house candidate. rubio...
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obama won the election because obama promised american voters gifts and free things. he got a lost flak from democrats and republicans. look, this is exactly what mitt romney was talking about. here is someone saying, wait, i voted for you, obama, now give me the free stuff. this is exactly what mitt romney was talking about. >>eric: president obama ran the last campaign on things are getting better. give me for more years we are almost there. a very good indication of things are really getting better in the economy is food stamp use. food stamps are up to a record level. november showed 46 million people on food stamps. if things are getting better, how does that keep going up? >>guest: exactly. if you remember back during the campaign, obama was going around bragging saying, i saved detroit with the bailout. really? you saved detroit? is that why detroit is coming begging right now for money? it is insane. he is completely out of touch and he doesn't realize what this economy is like right now for every day folks. >>eric: thank you, michelle. >> there is supposed to
obama won the election because obama promised american voters gifts and free things. he got a lost flak from democrats and republicans. look, this is exactly what mitt romney was talking about. here is someone saying, wait, i voted for you, obama, now give me the free stuff. this is exactly what mitt romney was talking about. >>eric: president obama ran the last campaign on things are getting better. give me for more years we are almost there. a very good indication of things are really...
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>>reporter: arpaio is elected sheriff of arizona maricopa a county for 20 years best known for aggressive stand against illegal immigration. niece san francisco to speak at the california alarm association at the park 55 hotel. >> i'm a little disappointed because from new hampshire to california every time i travel to give a speech i have demonstrators. i don't see any here. >>reporter: yet despite the lack of demonstrations sentiment against sheriff arpaio position is strong in san francisco. and that includes the opinion of students here at this middle school in noe vaechlt they mailed him letters written in spanish can accusing him of racism and break up family. he wanted to meet the students face-to-face and scheduled something for friday but the school ultimately cancelled. the sheriff is disappointed. >> icap explain every one of those allegations and let them know it's not true and try to educate them that we should enforce the laws. >>reporter: ask children aren't the only ones he won't be meeting during the stay no. plans to meet with district attorney george cast again either t
>>reporter: arpaio is elected sheriff of arizona maricopa a county for 20 years best known for aggressive stand against illegal immigration. niece san francisco to speak at the california alarm association at the park 55 hotel. >> i'm a little disappointed because from new hampshire to california every time i travel to give a speech i have demonstrators. i don't see any here. >>reporter: yet despite the lack of demonstrations sentiment against sheriff arpaio position is strong...
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>>reporter: arpaio is elected sheriff of arizona maricopa a county for 20 years best known for aggressive stand against illegal immigration. niece san francisco to speak at the california alarm association at the park 55 hotel. >> i'm a little disappointed because from new hampshire to california every time i travel to give a speech i have demonstrators. i don't see any here. >>reporter: yet despite the lack of demonstrations sentiment against sheriff arpaio position is strong in san francisco. and that includes the opinion of students here at this middle school in noe vaechlt they mailed him letters written in spanish can accusing him of racism and break up family. he wanted to meet the students face-to-face and scheduled something for friday but the school ultimately cancelled. the sheriff is disappointed. >> icap explain every one of those allegations and let them know it's not true and try to educate them that we should enforce the laws. >>reporter: ask children aren't the only ones he won't be meeting during the stay no. plans to meet with district attorney george cast again either t
>>reporter: arpaio is elected sheriff of arizona maricopa a county for 20 years best known for aggressive stand against illegal immigration. niece san francisco to speak at the california alarm association at the park 55 hotel. >> i'm a little disappointed because from new hampshire to california every time i travel to give a speech i have demonstrators. i don't see any here. >>reporter: yet despite the lack of demonstrations sentiment against sheriff arpaio position is strong...
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. >> california election results will not be official until a week from friday. registrars have until last night to finish counting ballots. many were mailed in. some arriving at the last minute. the process takes a weekend and one southern california assembly race wasn't decided until just three days ago. >> remarkable. a crowd beginning to gather in just over an hour. the christmas tree lighting will be on west steps of the state capitol this, year's tree, 50 foot white fir from the redding area. it's the first capitol christmas tree from a state forest. the tree will be illuminated by 10,000 energy efficient lights. >> bizarre radio prank involving the royal baby. plus, a sign pregnant kate middleton's condition sim proving. >> also, do you think there is a starbucks on just about every corner now, just wait. the coffee giant has venti expansion plans. >> michael fin gee taking your questions on twitter and facebook and will answer them live in just a little bit. and taking a look at traffic right now in san francisco's skyway, you can see it's smooth sailing
. >> california election results will not be official until a week from friday. registrars have until last night to finish counting ballots. many were mailed in. some arriving at the last minute. the process takes a weekend and one southern california assembly race wasn't decided until just three days ago. >> remarkable. a crowd beginning to gather in just over an hour. the christmas tree lighting will be on west steps of the state capitol this, year's tree, 50 foot white fir from...
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gascon contributed to arpaio's opponents in the election last month, arpaio got elected again as he has for the past 20 years. he is one tough sherry makes his inmates at the jail -- sheriff, makes inmates at the jail wear pink underwear, eat green baloney and makes them summers in tents. he's rough. terry mcsweeney, abc7 news. >>> nfl commissioner goodell was at the game last night at the coliseum and talked about prospects of the raiders sharing the new stadium. >> when we helped fund and put 200 million dollars into the 49ers' new stadium it was a requirement it was capable of hosting two peoples. >> raiders have long complained about the outdated oakland coliseum. they've discussed leaving oakland if a new stadium can't be built there. >> self-proclaimed preacher under arrest accused of attacking his mom -- his roommate with a sword. the two men have been sharing a sacramento home for the past four months before the attack he says his roommate went on a 24 hour drinking binge threatening to hurt and kill him. he says his roommate is a religious man and wonder was caused him to snap.
gascon contributed to arpaio's opponents in the election last month, arpaio got elected again as he has for the past 20 years. he is one tough sherry makes his inmates at the jail -- sheriff, makes inmates at the jail wear pink underwear, eat green baloney and makes them summers in tents. he's rough. terry mcsweeney, abc7 news. >>> nfl commissioner goodell was at the game last night at the coliseum and talked about prospects of the raiders sharing the new stadium. >> when we...
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his institutional revolutionary party ruled for 71 years with a mix of graft, and rigged elections before being voted out and replaced by the conservative national action party in 2000. >> employing are now questioning the driver of a bus that slammed into an overpass at miami international airport, killing two people on board. the officials say all 32 people aboard the bus suffered some sort of injury. three critically hurt. the bus is typically used for tourists. the driver was not familiar with the area and did not intend to go the away. police believe the passengers were local residents. >> an oregon man is recovering from a shark attack in hawaii. while authorities decide whether to re-open two miles of beach. the 61-year-old tourist was snorkeling on maui when a shark attacked 200 yards offshore. he was taken to a hospital after being treat bid lifeguards. he told the state biologist the shark's head was about two feet wide. >> the estimate of the size of the head, the coloration and the shape, and i'm certainly not an expert but his guess, is it was a tiger shark. >> the attack hap
his institutional revolutionary party ruled for 71 years with a mix of graft, and rigged elections before being voted out and replaced by the conservative national action party in 2000. >> employing are now questioning the driver of a bus that slammed into an overpass at miami international airport, killing two people on board. the officials say all 32 people aboard the bus suffered some sort of injury. three critically hurt. the bus is typically used for tourists. the driver was not...
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mayor bloomberg personally calmed the secretary of state and urged another run in next year's mayoral election. clinton does not appear to be interested. she told bloomberg she would not be running. bloomberg, a republican will be termed out next year after three terms. clinton is a democrat. >>> editor-in-chief of vogue may be in line for a new job, u.s. ambassador. president obama is considering nominating anna win tour as the next ambassador to -- either united king come or -- kingdom or france she helped bring in more than $500,000 to his reelection campaign and certainly an icon in the fashion world. this would be something new. >> it would be indeed. >>> coming up, ahead the deep one fast food giant is offering to celebrate a big milestone. >>> protecting elderly from scams and abuse, tips to make ♪ [ female announcer ] at yoplait, we want you to feel even better about your favorite flavors. so when you call, tweet, and post, we listen. that's why yoplait light and yoplait original are now made with no high fructose corn syrup. and why we use only natural colors and natural flavors in
mayor bloomberg personally calmed the secretary of state and urged another run in next year's mayoral election. clinton does not appear to be interested. she told bloomberg she would not be running. bloomberg, a republican will be termed out next year after three terms. clinton is a democrat. >>> editor-in-chief of vogue may be in line for a new job, u.s. ambassador. president obama is considering nominating anna win tour as the next ambassador to -- either united king come or --...
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he won re-election back in october. >>> former south african president nelson mandela is said to be comfortable had and in good care in a hospital. south african president jacob zuma visited the 94-year-old mandela who is undergoing tests for an undisclosed condition. last year he was hospitalized for a respiratory infection. mandela became president of south africa in 1994 after spending 27 years in prison while fighting racist white rulers. >>> the stalemate over the fiscal cliff-hanger is the topic this morning on abc's" this week." they discuss another week of talks but failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. right here right now is meteorologist lisa argen with a preview of the accuweather forecast. >> we do have a veil of some higher clouds out there. we are seeing less fog, as well. temperatures mainly in the 40s. we will talk about how much sun if we are going to see the warmup, how long it will last, that's straight ahead. >> and there's another ♪ [ female announc
he won re-election back in october. >>> former south african president nelson mandela is said to be comfortable had and in good care in a hospital. south african president jacob zuma visited the 94-year-old mandela who is undergoing tests for an undisclosed condition. last year he was hospitalized for a respiratory infection. mandela became president of south africa in 1994 after spending 27 years in prison while fighting racist white rulers. >>> the stalemate over the fiscal...
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with an election win at his back, the white house says the president won't budge on two points -- higher tax rates for the rich. the actual rate might be negotiable. and any deal has to include an increase in the debt limit, which is set to hit its ceiling in february. but one mistake the president won't make in these talks, is the one he made a year and a half ago in negotiations with boehner. he didn't keep democratic leaders in the house and senate in the loop. this time, he did. even though nancy pelosi is not at the table, she says she's on the team. >> the president knows our views. he shares our values. >> reporter: what i'm hearing from administration sources is they want republicans to agree to some of that rate increase for the wealthy in taxes. and the debt ceiling. then, the white house will start talking about how we're going to cut entitlement programs. that's not the way the republicans want the negotiations to go. but basically, the white house is saying, listen, do this and we'll go forward. >> a tough game of political chicken in washington right now. >> bill clinton ca
with an election win at his back, the white house says the president won't budge on two points -- higher tax rates for the rich. the actual rate might be negotiable. and any deal has to include an increase in the debt limit, which is set to hit its ceiling in february. but one mistake the president won't make in these talks, is the one he made a year and a half ago in negotiations with boehner. he didn't keep democratic leaders in the house and senate in the loop. this time, he did. even though...
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he won re-election back in october. >>> former south african president nelson mandela is said to be comfortable had and in good care in a hospital. south african president jacob zuma visited the 94-year-old mandela who is undergoing tests for an undisclosed condition. last year he was hospitalized for a respiratory infection. mandela became president of south africa in 1994 after spending 27 years in prison while fighting racist white rulers. >>> the stalemate over the fiscal cliff-hanger is the topic this morning on abc's" "this week." they will discuss another week of talks that failed to reach a compromise in tax cuts. huge cuts and increases kick in the 1st of the year if they don't make a deal. don't nice at 8:00 this morning on abc7. >> my friend, meteorologist lisa argen, is here now talking about nice weather if you like it sunny and mild. >> we are seeing changes this morning, and those are point to go a warmer atmosphere. right now looking outside from our roof camera, the winds are light, but those winds will warm us up today. high pressure is building in. it's in the 50s at the coas
he won re-election back in october. >>> former south african president nelson mandela is said to be comfortable had and in good care in a hospital. south african president jacob zuma visited the 94-year-old mandela who is undergoing tests for an undisclosed condition. last year he was hospitalized for a respiratory infection. mandela became president of south africa in 1994 after spending 27 years in prison while fighting racist white rulers. >>> the stalemate over the fiscal...
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he won re-election back in october. >>> former south african president nelson mandela is said to be comfortable had and in good care in a hospital. south african president jacob zuma visited the 94-year-old mandela who is undergoing tests for an undisclosed condition. last year he was hospitalized for a respiratory infection. mandela became president of south africa in 1994 after spending 27 years in prison while fighting racist white regime. a key gop senator this morning said this morning they might support a higher tax rate for wealthier americans but it can only come in democrats agree to reform medicare and other major entitlement programs. such a compromise would represent the first real movement in the stalled talks on capitol hill to try to keep the country from plunge over a fiscal cliff come the first of the year. that's what major program cuts and tax hikes on all americans would automatically kick in unless there's a deal. >> everybody in this country will have to participate in some discomfort if we are to going to get out of this. and longs we continue to lie to the american peopl
he won re-election back in october. >>> former south african president nelson mandela is said to be comfortable had and in good care in a hospital. south african president jacob zuma visited the 94-year-old mandela who is undergoing tests for an undisclosed condition. last year he was hospitalized for a respiratory infection. mandela became president of south africa in 1994 after spending 27 years in prison while fighting racist white regime. a key gop senator this morning said this...
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it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes for all americans, and drastic cuts in federal spending. >>> there is no plan to change a controversial practice of changing votes after a practice passes or fails. about half of those sworn in last week are new to the job. during the past session, aseem belie members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill but it disallow lawmakers to hide or distort their vote. >>> the u.s. postal service is working to make it a little easier for customers around the bay area. >> reporter: business was brisk at this san francisco post offi
it was the first time the two men had met privately since election day. this morning, a republican senator hinted president obama's plan might work at least to change the debate. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2%. all of a sudden, the shift goes back to entitlements. >> congress has three weeks to prevent automatic tax hikes...
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. >> urging the younger generation to use their social media skills to push elected leaders to take action. he says take part, or these old coots will clean out the treasury before you get there. >>> a bay area blogger goes to the toilet after snapping a photo in a bathroom. >> a judge's ruling in the case oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. >>> homeowners in the south bay and the santa cruz mountains are cleaning up from mother nature's wrath. pine hill road reopened today after being closed for three days. homeowners say they're not getting the maintenance they need, due to county budget short falls. so now they're discussing possible bond measures. >>> crews are making progress in repairing a large sinkhole on mountain view driv
. >> urging the younger generation to use their social media skills to push elected leaders to take action. he says take part, or these old coots will clean out the treasury before you get there. >>> a bay area blogger goes to the toilet after snapping a photo in a bathroom. >> a judge's ruling in the case oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's...